PRESIDENT, PHDCCI URGES FELLOW BUSINESSMEN NOT TO EVADE TAXES

No.PR-7

April 12, 2019

New Delhi

PRESIDENT, PHDCCI URGES FELLOW BUSINESSMEN NOT TO EVADE TAXES

President, PHD Chamber of Commerce and Industry (PHDCCI), Mr Rajeev Talwar on Friday urged India Inc not to evade its tax liabilities and on the contrary support the government in terms of paying its legitimate tax dues to make India a US$10 trillion economy in next few years.

According to him, in the projected US$10 trillion economy, the size of taxation both direct and indirect should be about one and half trillion US dollar so that the government is able to meet most of its obligations both on social and economic front and therefore, the commitment to pay taxation ought to be honoured by each citizen and member of India Inc for all round development of the country.

Mr Talwar while speaking at a GST Conclave on “Practical Aspects of GST Annual Return (GSTR-9) and How to Fill up the Form Clause by Clause” under aegis of PHDCCI here today also demanded that the remaining glitches in GST should be removed so that it becomes easier for tax payers to smoothly pay off their taxation to the respective authorities in the government.

CEO, GSTN, Mr Prakash Kumar who presided over the Conclave observed that a great deal of GST taxpayers come forward to deposit their taxation largely at nick of time when the due date is coming to closer and therefore, urged the taxpayers to honour their tax compliance well within the time.

According to him, the systems have been largely modified and updated as per the convenience of taxpayers and therefore, it becomes obligatory on the part of those that are registered under GST taxation to honour their tax commitment with their being transparent.

Chairman, Indirect Taxes Committee, PHDCCI, Mr Bimal Jain in his theme presentation appreciated the government to bring in lots of procedural changes in GST formats, however, pointed out that on export front, the process for refund disbursement has smoothened but on input tax credit front lot more needs to be done.

He also demanded a simple and hassle free 2-page GST form to be put in place so that trade and businessmen are able to fill in the respective information with ease and it also becomes convenient for the bureaucracy to assess the details filled in the forms with equal ease.

Co-Chairman, Indirect Taxes Committee, PHDCCI, Mr N K Gupta in his vote of thanks also urged the government to bring in more facilitation for GST procedures and regulations. Principal Director, PHDCCI, Mr Abhi Narayan Mishra was also present on the occasion.

Ends.

Koteshwar Prasad Dobhal

Consultant (PR)